subject: What An Established Business Individual Can Do Upon Entry To Australia? [print this page] Recognising the need for business establishments with new ideas and fresh look the Australian Immigration Department has taken steps to ease the visa process. They introduced the Australian business innovation stream visa from November 24th 2012. The requirement of well established business was felt more in the states or territories of Australia where unemployment is on the higher side.
In order to build up the economic prospects of the nation the immigration authorities have eased the visa process. This has paved way for highly skilled business individuals who are entitled to stay in Australia on provisional grounds. The business innovation stream visa enables established business personalities to open up a new business or take over or own an already existing business company in Australia. They can prove themselves as a venture capitalist. Persons desiring to set up companies under this category need to prove their credentials with respect to their background, similar ventures, their available capital along with other requisite documents.
The applicant can utilise Australian business innovation stream visa entitlements by investing their money in companies which are not well established. Companies can be setup with innovative ideas to begin with and also employ local population. A well established government structure of the Australian government is in place to assist such business innovation visa holders. They have an opportunity to enhance their thinking and knowledge. This also gives a different experience in multi cultured background of Australia. Even more, the applicant is entitled to travel with a business partner having a share in the investments abroad.
The Australian business innovation stream visa entitlements allow the applicant to take the family along to Australia. They need not apply for a separate visa. The spouse or relative and other family members are entitled to live, study and work in Australia without any hassle. The innovation stream allows the applicant to stay on provisional terms for four years. Enough time is given for the applicant to establish in business and show the results.
Immigrants with no knowledge of the conditions in Australia may be compelled to take steps leading to unethical situations. To avoid such misuse of money and time, the applicant has the entitlement to hire an agent or broker registered under the Australian Department of Immigration and Citizenship. The well experienced agent can provide detailed information of the business opportunities, location and investment procedures to be followed. Such agents are registered with the government who are authorised to undertake such activities.
Applicant already established in business with two or three years of experience is entitled to invest in Australia. The money can be invested in parts as assets before hand in Australian government funds. The investment has to be maintained for the period of four years from the date of application. The other option is that the applicant can fund the specified amount from the concerned Australian Company upon invitation. The funds can also be acquired from the state or territory on nomination or sponsorship to start a new venture. A certain portion of the capital is to be borne by the applicant.
